For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S Corporation form of entity. In many cases, the S Corp election allows a business owner to save money on self-employment taxes, especially […]
Year-End Tax Prep Strategies for Small Businesses Many small business owners fear one time of year more than any other. That time, of course, is the time to prepare their year-end taxes. While taxes are stressful for anybody, small business taxes, can be especially challenging. If you find yourself scrambling every year to get your […]
